Centrica (LON:CNA) Price Target Increased to GBX 118 by Analysts at Citigroup

Centrica (LON:CNAGet Rating) had its price target hoisted by Citigroup from GBX 110 ($1.34) to GBX 118 ($1.44) in a research note issued to investors on Wednesday, Marketbeat reports. The firm currently has a buy rating on the integrated energy company’s stock.

CNA has been the topic of a number of other research reports. Barclays restated an overweight rating and issued a GBX 144 ($1.76) target price on shares of Centrica in a report on Friday, November 11th. Royal Bank of Canada lowered their target price on shares of Centrica from GBX 140 ($1.71) to GBX 130 ($1.59) and set an outperform rating on the stock in a research note on Tuesday, November 22nd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of GBX 128 ($1.56).

Centrica Trading Down 0.8 %

CNA opened at GBX 97.09 ($1.18) on Wednesday. The company has a debt-to-equity ratio of 176.45, a current ratio of 1.03 and a quick ratio of 0.40. Centrica has a fifty-two week low of GBX 65.78 ($0.80) and a fifty-two week high of GBX 99.54 ($1.21). The firm has a market capitalization of £5.69 billion and a PE ratio of 978.60. The company’s 50-day moving average is GBX 93.11 and its 200 day moving average is GBX 84.14.

Insiders Place Their Bets

In related news, insider Amber Rudd bought 2,042 shares of the business’s stock in a transaction dated Friday, November 25th. The shares were purchased at an average price of GBX 96 ($1.17) per share, with a total value of £1,960.32 ($2,392.09). Insiders have bought a total of 7,363 shares of company stock valued at $630,295 in the last quarter.

Centrica Company Profile

(Get Rating)

Centrica plc operates as an integrated energy company in the United Kingdom, Ireland, Norway, North America, and internationally. The company operates through British Gas Services & Solutions, British Gas Energy, Centrica Business Solutions, Bord Gáis Energy, Energy Marketing & Trading, and Upstream segments.

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